Empire State Correlations

OGCP Stock

USD 7.86 0.27 3.32%

The current 90-days correlation between Empire State Realty and Empire State Realty is 0.01 (i.e., Significant diversification). The correlation of Empire State is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Empire State Correlation With Market

Good diversification

The correlation between Empire State Realty and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empire State Realty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Empire Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Empire State Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Empire Stock

0.77	BXP	Boston Properties Sell-off Trend	Pair Corr
0.64	DEI	Douglas Emmett	Pair Corr
0.85	SLG	SL Green Realty	Pair Corr
0.81	JBGS	JBG SMITH Properties	Pair Corr
0.61	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.79	OZ	Belpointe PREP LLC	Pair Corr
0.77	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.8	DOUG	Douglas Elliman	Pair Corr
0.7	VNO-PL	Vornado Realty Trust	Pair Corr
0.67	VNO-PM	Vornado Realty Trust	Pair Corr
0.64	VNO-PN	Vornado Realty Trust	Pair Corr
0.71	MITT-PB	AG Mortgage Investment	Pair Corr
0.83	MITT-PC	AG Mortgage Investment	Pair Corr
0.78	EARN	Ellington Residential	Pair Corr
0.71	ELME	Elme Communities	Pair Corr
0.61	WELL	Welltower	Pair Corr
0.87	ESBA	Empire State Realty	Pair Corr

Moving against Empire Stock

0.52	UK	Ucommune International	Pair Corr
0.72	WHLR	Wheeler Real Estate	Pair Corr
0.65	ADC	Agree Realty Earnings Call This Week	Pair Corr
0.56	WETH	Wetouch Technology Common	Pair Corr
0.52	FBRT	Franklin BSP Realty	Pair Corr
0.48	FCPT	Four Corners Property	Pair Corr

Related Correlations Analysis

	ESRT	CUZ	PDM	HPP	PPIH	JMM	CLPR
ESRT		0.92	0.88	0.65	0.65	0.7	0.41	ESRT
CUZ	0.92		0.83	0.77	0.74	0.7	0.28	CUZ
PDM	0.88	0.83		0.64	0.68	0.76	0.38	PDM
HPP	0.65	0.77	0.64		0.87	0.58	-0.1	HPP
PPIH	0.65	0.74	0.68	0.87		0.8	0.03	PPIH
JMM	0.7	0.7	0.76	0.58	0.8		0.31	JMM
CLPR	0.41	0.28	0.38	-0.1	0.03	0.31		CLPR
	ESRT	CUZ	PDM	HPP	PPIH	JMM	CLPR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CUZ	+ 0.92	ESRT
PDM	+ 0.88	ESRT
PPIH	+ 0.87	HPP
PDM	+ 0.83	CUZ
JMM	+ 0.8	PPIH
HPP	+ 0.77	CUZ

High negative correlations

CLPR

- 0.1

HPP

Risk-Adjusted Indicators

There is a big difference between Empire Stock performing well and Empire State Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Empire State's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ESRT	1.54	0.00	(0.01)	0.13	2.26	(1.54)	3.85	(3.39)	13.61
CUZ	0.99	0.02	(0.02)	0.16	1.03	(1.11)	2.21	(1.92)	5.06
PDM	1.77	0.12	0.03	0.25	3.12	(1.78)	4.02	(3.27)	18.14
HPP	2.42	0.11	0.04	0.23	3.00	(2.76)	6.55	(5.91)	15.46
PPIH	3.82	1.18	0.36	2.95	2.36	(5.13)	13.57	(5.78)	33.89
JMM	0.83	0.06	(0.02)	0.27	0.88	(1.06)	2.08	(1.68)	5.75
CLPR	2.22	0.11	0.04	0.24	2.90	(2.41)	5.68	(4.29)	18.38

Empire State Corporate Management

Thomas Keltner	Executive VP of Empire State ealty Trust, Inc, General Counsel of Empire State Realty Trust, Inc and Secretary of Empire State Realty Trust, Inc	Profile
Kevin Vilke	Inc Trust	Profile
Aaron Ratner	Inc Trust	Profile
Christopher Blackman	I Trust	Profile
Katy Malonoski	VP Relations	Profile
Fred Posniak	Inc Trust	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC